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Message: AGORACOM Small Cap TV - December 20th - Highlights

Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s December 20th 2010, and we’ve found 3 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.

WSP Holdings Wins $91.8 Million in New Orders from Venezuela's State-owned Oil Company

WUXI, China, Dec. 20, 2010 /PRNewswire-Asia-FirstCall/ -- WSP Holdings Limited (NYSE:WH - News) ("WSP Holdings" or the "Company"), a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction ("Oil Country Tubular Goods" or "OCTG"), and other pipes and connectors, today announced that its wholly-owned subsidiary, Wuxi Seamless Oil Pipes Company Limited ("WSP China"), received twenty six new purchase orders for API and non-API casing pipe, API tubing pipe and line pipe from PDVSA Services B.V. ("PDVSA") in Venezuela.

These new purchase orders are for a total of 36,667 tonnes of API and non-API casing pipe, 11,359 tonnes of API tubing pipe and 6,298 tonnes of line pipe worth a total of approximately $91.8 million. The Company expects to complete delivery of these orders by February 2011. These are follow-on orders to three purchase orders WSP China received from PDVSA in May 2010 for a total of 12,583 tonnes of API and non-API casing pipe and 8,399 tonnes of line pipe, the delivery of which has been substantially completed.

About WSP Holdings Limited

WSP Holdings develops and manufactures seamless OCTG, including seamless casing, tubing and drill pipes used for on-shore and off-shore oil and gas exploration, drilling and extraction, and other pipes and connectors. Founded as WSP China in 1999, the Company offers a wide range of API and non-API seamless OCTG products, including products that are used in extreme drilling and extraction conditions. The Company's products are used in China's major oilfields and are exported to oil producing regions throughout the world.

Last Trade: 1.0452 Week: 3.49 – 1.00Market Cap: 107.01 Million

Link to HUB

Hana Reports Indicated Resources of 762 Million lb of Cu & 16.1 Million oz of Ag at a Grade of 0.93% Cu & Inferred Resources of 5.6 Billion lb of Cu & 85.4 Million oz of Ag at a Grade of 0.60% Cu

Hana Mining Ltd.,(TSX VENTURE:HMG)(FRANKFURT:4LH)

-announce that it has received an updated 43-101 compliant, independent resource estimate that has significantly increased the size of the Banana Zone and the adjacent Chalcocite Zone, located within the Ghanzi Copper-Silver project in northwestern Botswana, Africa.

At a 0.75% copper cut-off, the estimated mineral resources at the Ghanzi Project are:

  • Indicated Mineral Resources: 19.7 million tonnes grading 1.35% copper and 19.7 g/t silver, containing 585 million pounds of copper and 12.5 million ounces of silver.
  • Inferred Mineral Resources: 91.2 million tonnes grading 1.20% copper and 13.83 g/t silver, containing 2.4 billion pounds of copper and 40.6 million ounces of silver.

At a 0.30% copper cut-off, the estimated mineral resources at the Ghanzi Project are:

  • Indicated Mineral Resources: 37.4 million tonnes grading 0.93% copper and 13.4 g/t silver, containing 762 million pounds of copper and 16.1 million ounces of silver.
  • Inferred Mineral Resources: 423.9 million tonnes grading 0.60% copper and 6.3 g/t silver, containing 5.6 billion pounds of copper and 85.4 million ounces of silver.

About Hana Mining's Ghanzi Copper-Silver Project in Botswana: The Ghanzi Project is located in the center of the Kalahari Copper Belt in northwestern Botswana. The Ghanzi property covers 2,169 square kilometres, and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 70 kilometres. This favorable geology extends over an estimated strike length of 600 kilometres.

Last: 5.45Range: 5.68-0.85Market Cap: 443 Million

(Link to hub)

Avanti Mining Announces Kitsault NPV Increases to US$798 Million (After Tax) in Final Feasibility Study

Avanti Mining Inc. (TSX-V: AVT)

-release the results of the NI 43-101 Feasibility Study ("FS") prepared by AMEC on its 100% owned Kitsault Molybdenum property in northwest British Columbia, Canada. All figures are in US dollars and were derived assuming 100% equity funding.

Highlights include:

  • The base case after-tax NPV (8%) is $798 million, with an IRR of 26.8%;
  • Projected undiscounted net cash flow (after-tax) is $2.0 billion;
  • Cash operating costs (mine gate) are estimated to be $4.76/lb of molybdenum;
  • Annual metal production for the mine life averages 23.4 million pounds of molybdenum, with the first five years averaging 29.6 million pounds per year;
  • Initial capital costs are estimated at $770 million and LOM sustaining capital at $78 million (+/- 15% accuracy estimated in C$ at $837 million and C$ 85 million respectively);
  • The average annual price of molybdenum for the base case scenario over the mine life as forecast by the CPM Group ranges from $13.75/lb to $18.25/lb based upon their June 2010 Molybdenum Market Outlook. The average over the Kitsault mine life is $16.76 per pound of molybdenum. Forecasts were also prepared for a low and a high price scenario

Project Description

The Kitsault property is located about 140 km north of Prince Rupert, British Columbia, and south of the head of Alice Arm, an inlet of the Pacific Ocean. The property includes three known molybdenum deposits: Kitsault, Bell Moly, and Roundy Creek. The Kitsault mine was a producer of molybdenum between 1967 and 1972 and from 1981 to 1982 with total production on the property during both periods being approximately 31 million pounds of molybdenum.

Avanti Mining Inc. (TSX-V: AVT) is developing its core asset, the Kitsault Molybdenum (Mo) project, a former producing mine, with established (power-grid utility, road & ocean access) infrastructure, located near coastal British Columbia, 140 km north of Prince Rupert.

Last Sale:0.3052 Week Range: 0.09 - 0.35Market Cap: 108.48M

(Link to company website)

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